Stock of the Day: Today Harmony Gold Mining Co. (ADR) Stock Rises

November 25, 2016November 25, 2016Clifton Ray

The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a huge mover today! About 1.06 million shares traded hands. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has declined 29.35% since April 22, 2016 and is downtrending. It has underperformed by 34.76% the S&P500.
The move comes after 8 months positive chart setup for the $941.80M company. It was reported on Nov, 25 by Barchart.com. We have $2.42 PT which if reached, will make NYSE:HMY worth $47.09M more.

Harmony Gold Mining Co. (ADR) (NYSE:HMY) Ratings Coverage

Out of 5 analysts covering Harmony Gold Mining (NYSE:HMY), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. Harmony Gold Mining has been the topic of 8 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) has “Underperform” rating given on Tuesday, March 15 by Macquarie Research. HSBC downgraded the shares of HMY in a report on Friday, November 11 to “Hold” rating. The rating was upgraded by Morgan Stanley on Friday, November 11 to “Equal-Weight”. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) has “Sell” rating given on Wednesday, August 26 by Zacks. The company was downgraded on Monday, September 14 by JP Morgan. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) earned “Sell” rating by Citigroup on Friday, November 11. As per Thursday, August 20, the company rating was downgraded by Zacks. The firm has “Neutral” rating by Macquarie Research given on Friday, July 1.

According to Zacks Investment Research, “Harmony Gold Mining Company Ltd. is a mining company which produces gold from its operations in the distrcit of Virginia, Orange Free State.”

More news for Harmony Gold Mining Co. (ADR) (NYSE:HMY) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Marketwatch.com‘s article titled: “Harmony Gold Mining Co. Ltd. ADR” and published on December 21, 2009 is yet another important article.

HMY Company Profile

Harmony Gold Mining Company Limited, incorporated on August 25, 1950, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s divisions include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3. The Surface segment comprises the Company’s other surface operations. The Company’s International segment comprises Hidden Valley Project. The Firm has activities in South Africa and Papua New Guinea (PNG). The Company’s principal product is the Gold bullion. The Company’s exploration projects include Golpu project and Kili Teke prospect. The Firm has approximately nine underground mines, one open pit operation and several surface sources in South Africa. The Company’s subsidiaries include Lydenburg Exploration Limited, Tswelopele Beneficiation Operation (TBO) and Harmony Copper Limited.